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CHELAN, WA 98816

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The CHELAN, WA real estate market (98816) currently shows 63 active listings, with 13 pending sales. Homes are averaging 97 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 97 days on market compared to 134 days last year.

The median listing price has risen 4.5% year-over-year, from $475,000 to $496,225.

Whether you are buying or selling in CHELAN, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 6,901  ·  Density: 5.4/mi²  ·  Median household income: $69,531

Typical home value: $412,034  ·  Homeownership: 63.7%

Market Overview

Active Listings
63
⇧ 21.2% vs 52 last year
Pending
13
21% pending ratio
Median Price
$496,225
⇧ 4.5% vs $475,000 last year
Average Price
$776,371
⇧ 22.9% vs $631,489 last year
Days on Market
97
⇩ 27.6% vs 134 days last year

Price Per Square Foot

Median $/sqft
$378
⇩ 16.6% vs $453/sqft last year
Median Home Size
1,237 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 63 this year vs 52 last year
  • Days on market: 97 now vs 134 last year

Median & Average Pricing

Year over Year
  • Median: $496,225 (+4.5% YoY)
  • Average: $776,371 (+22.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 50.5 miles — 282 listings ($233,588,938 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98816Chelan, WA 988160.0 mi55$46,975,445$545,000$854,099
98822Entiat, WA 9882212.5 mi7$5,895,960$849,000$842,280
98814Carlton, WA 9881414.0 mi3$3,373,500$1,124,500$1,124,500
98817Chelan Falls, WA 9881722.8 mi2$978,000$489,000$489,000
98856Twisp, WA 9885624.6 mi11$10,658,153$627,000$968,923
98826Leavenworth, WA 9882628.8 mi57$65,518,536$945,000$1,149,448
98858Waterville, WA 9885832.1 mi7$3,582,586$550,000$511,798
98815Cashmere, WA 9881534.8 mi15$14,343,645$844,000$956,243
98830Mansfield, WA 9883039.2 mi3$1,227,999$399,000$409,333
98801Wenatchee, WA 9880140.8 mi106$70,287,434$565,000$663,089
98847Peshastin, WA 9884743.5 mi4$4,138,400$660,000$1,034,600
98241Darrington, WA 9824147.4 mi8$4,686,280$595,000$585,785
99115Coulee City, WA 9911550.5 mi4$1,923,000$365,750$480,750

Frequently Asked Questions

How many homes are for sale in CHELAN, WA 98816?

As of February 2026, there are 63 active listings in CHELAN, WA (zip code 98816), compared to 52 the prior year.

What is the median home price in CHELAN, WA 98816?

The median listing price in CHELAN, WA 98816 is $496,225 as of February 2026, a 4.5% increase from $475,000 the prior year.

How long do homes stay on the market in CHELAN, WA?

Homes in CHELAN, WA 98816 spend an average of 97 days on the market before going under contract, compared to 134 days the prior year.

Is it a seller's or buyer's market in CHELAN, WA 98816?

Based on current inventory and days-on-market data as of February 2026, CHELAN, WA 98816 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 97 days on market compared to 134 days last year.

How much can I save on real estate commission in CHELAN, WA?

With SELL123.com's maximum 3% commission, sellers in CHELAN, WA 98816 save an estimated $9,925 compared to a typical 5% commission on the median listing price of $496,225. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.